Comstock Resources Inc (NYSE:CRK) – Equities research analysts at US Capital Advisors boosted their Q1 2021 earnings per share (EPS) estimates for Comstock Resources in a research note issued to investors on Monday, May 20th, according to Zacks Investment Research. US Capital Advisors analyst C. Horwitz now anticipates that the oil and gas producer will earn $0.27 per share for the quarter, up from their previous forecast of $0.25.
Comstock Resources (NYSE:CRK) last issued its quarterly earnings results on Thursday, May 9th. The oil and gas producer reported $0.22 EPS for the quarter, missing the Zacks’ consensus estimate of $0.27 by ($0.05). Comstock Resources had a return on equity of 14.66% and a net margin of 6.04%. The firm had revenue of $126.88 million for the quarter, compared to analyst estimates of $130.70 million.
A number of other research firms have also recently commented on CRK. Capital One Financial cut Comstock Resources from an “equal weight” rating to an “underweight” rating in a research note on Wednesday, March 20th. Zacks Investment Research raised Comstock Resources from a “hold” rating to a “buy” rating and set a $7.50 price objective on the stock in a research report on Tuesday, April 23rd. ValuEngine raised Comstock Resources from a “sell” rating to a “hold” rating in a research report on Friday, February 22nd. Finally, B. Riley assumed coverage on Comstock Resources in a report on Monday, May 20th. They issued a “neutral” rating and a $6.50 target price on the stock. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $8.33.
Shares of CRK stock traded down $0.21 during trading hours on Wednesday, reaching $5.00. The company had a trading volume of 543,054 shares, compared to its average volume of 311,461. Comstock Resources has a 12-month low of $4.17 and a 12-month high of $12.32. The company has a debt-to-equity ratio of 2.17, a quick ratio of 0.68 and a current ratio of 0.68.
Hedge funds have recently bought and sold shares of the company. KBC Group NV grew its stake in Comstock Resources by 20.5% in the 4th quarter. KBC Group NV now owns 53,444 shares of the oil and gas producer’s stock worth $242,000 after acquiring an additional 9,076 shares during the period. First Trust Advisors LP acquired a new position in Comstock Resources in the 4th quarter worth $619,000. Bank of New York Mellon Corp acquired a new position in Comstock Resources in the 4th quarter worth $6,349,000. Raymond James Financial Services Advisors Inc. acquired a new position in Comstock Resources in the 4th quarter worth $277,000. Finally, Rafferty Asset Management LLC bought a new stake in shares of Comstock Resources in the 4th quarter worth about $105,000. Institutional investors own 6.87% of the company’s stock.
About Comstock Resources
Comstock Resources, Inc and its subsidiaries engage in the acquisition, exploration for, development, and production of oil and natural gas properties, primarily in Texas, Louisiana, and North Dakota. The company is headquartered in Frisco, Texas.
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